Lockheed Martin (LMT) tops consensus earnings, revenue expectations

Defense firm Lockheed forecasts dour 2024 profit on supply chain woes

January 23, 2024 7:32 AM EST

By Shivansh Tiwary and Mike Stone

(Reuters) - Lockheed Martin forecast its 2024 profit below Wall Street expectations on Tuesday, as the U.S. defense contractor's largest aeronautics segment that makes the F-35 jets faces supply chain disruptions.

Shares were down by about 3% in mid-day trading in New York after the company's CEO said profits from F-35 jets could be depressed into the third quarter.

U.S. defense firms are seeing a notable increase in orders amid escalating tensions between China and the Philippines, the ongoing conflict between Russia and Ukraine, and in the Middle East. However,... More

Lockheed Martin (LMT) Tops Q4 EPS by 62c, Offers Guidance

January 23, 2024 7:32 AM EST

Lockheed Martin (NYSE: LMT) reported Q4 EPS of $7.90, $0.62 better than the analyst estimate of $7.28. Revenue for the quarter came in at $18.87 billion versus the consensus estimate of $17.95 billion.

GUIDANCE:

Lockheed Martin sees FY2024 EPS of $25.65-$26.35, versus the consensus of... More

Lockheed Martin (LMT) Delivers First C-130J-30 Super Hercules to the Georgia Air National Guard

January 22, 2024 1:38 PM EST

Lockheed Martin (NYSE: LMT) delivered the first of eight C-130J-30 Super Hercules tactical airlifters to the Georgia Air National Guard during a ceremony today, commemorating a new era in Hercules operations for this longtime C-130 Hercules operator.

The 165th Airlift Wing the first C-130 operator in the state of Georgia received its initial Hercules in 1975 and has operated several variants over the years. The Savannah-based unit will... More

Lockheed Martin (LMT) option IV elevated into quarter results

January 22, 2024 10:44 AM EST

Lockheed Martin (NYSE: LMT) January weekly call option implied volatility is at 38, February is at 21; compared to its 52-week range of 13 to 28 into the expected release of quarter results before the bell on January 23.

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Dow Jones, Nasdaq, S&P 500 weekly preview: Are new highs sustainable?

January 22, 2024 8:32 AM EST

The S&P 500 (SPX) hit a new record high last week after finally clearing 4,818.62 the level set in the first week of 2022. The index gained 1.2% last week and is now likely to continue pushing toward the psychologically-important 5,000 level.

Nasdaq Composite Index (IXIC) jumped 2.3% as tech stocks continue to ride the AI momentum. The index closed the week at 15,310.97 with the record high sitting at 16,212.23. Finally, the Dow Jones Industrial Average (DJI) was up 0.7%, marginally posting a new record high as the bulls continue closing in on 40000.

This weeks economic calendar is full of important data,... More

Lockheed Martin (LMT) January weekly option implied volatility into quarter results

January 19, 2024 10:31 AM EST

Lockheed Martin (NYSE: LMT) January weekly call option implied volatility is at 28, February is at 21; compared to its 52-week range of 13 to 28 into the expected release of quarter results before the bell on January 23.

... More